Rutabaga Capital Management LLC MA trimmed its position in shares of Dynamic Materials Corp. (NASDAQ:BOOM) by 12.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 548,473 shares of the industrial products company’s stock after selling 77,277 shares during the quarter. Rutabaga Capital Management LLC MA owned approximately 3.71% of Dynamic Materials Corp. worth $7,185,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in Dynamic Materials Corp. during the first quarter worth about $243,000. Vanguard Group Inc. grew its stake in Dynamic Materials Corp. by 2.4% during the first quarter. Vanguard Group Inc. now owns 583,360 shares of the industrial products company’s stock worth $7,234,000 after buying an additional 13,420 shares during the last quarter. Wells Fargo & Company MN grew its stake in Dynamic Materials Corp. by 5.0% during the first quarter. Wells Fargo & Company MN now owns 12,449 shares of the industrial products company’s stock worth $154,000 after buying an additional 595 shares during the last quarter. Hunter Associates Investment Management LLC grew its stake in Dynamic Materials Corp. by 5.4% during the second quarter. Hunter Associates Investment Management LLC now owns 337,834 shares of the industrial products company’s stock worth $4,426,000 after buying an additional 17,247 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Dynamic Materials Corp. by 5.4% during the first quarter. Renaissance Technologies LLC now owns 146,000 shares of the industrial products company’s stock worth $1,810,000 after buying an additional 7,432 shares during the last quarter. 86.02% of the stock is currently owned by hedge funds and other institutional investors.
BOOM has been the topic of several research analyst reports. Zacks Investment Research raised shares of Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. ValuEngine upgraded shares of Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st.
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Shares of Dynamic Materials Corp. (BOOM) traded down 1.11% during trading on Friday, hitting $17.80. 13,287 shares of the stock were exchanged. The firm has a 50 day moving average price of $15.18 and a 200 day moving average price of $13.78. The firm’s market capitalization is $262.91 million. Dynamic Materials Corp. has a 52 week low of $9.80 and a 52 week high of $18.45.
Dynamic Materials Corp. (NASDAQ:BOOM) last posted its earnings results on Thursday, July 27th. The industrial products company reported $0.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.04. Dynamic Materials Corp. had a negative net margin of 5.01% and a negative return on equity of 6.38%. The firm had revenue of $47.20 million for the quarter, compared to analyst estimates of $44.20 million. During the same period in the previous year, the firm posted ($0.05) EPS. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Thursday, September 28th. Dynamic Materials Corp.’s payout ratio is -14.04%.
About Dynamic Materials Corp.
DMC Global Inc, formerly Dynamic Materials Corporation, is a diversified technology company. The Company operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s businesses operate through an international network of manufacturing, distribution and sales facilities.
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